Preferred Bank: Dividend Insights
Portfolio Pulse from Benzinga Insights
Preferred Bank (NASDAQ:PFBC) has announced a quarterly dividend of 55 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 55 cents lower. Shareholders who own PFBC as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on July 21, 2023.
July 03, 2023 | 2:45 pm
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Preferred Bank's announcement of a 55 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's overall performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100